In this article, we will take a look at the 11 Best Solar Energy Stocks to Buy Right Now.
Global solar capacity is now 4× higher than 2010 forecasts for 2035, helping cut projected global warming from 4°C to 2.6°C by 2100. Solar, now the cheapest electricity source in most regions, has seen the fastest deployment of any energy tech in history, according to the IEA. This shift is largely due to declining fossil fuel use and surging renewable investment. However, progress is uneven—while global adoption accelerates, U.S. policy under President Trump has reversed course by removing incentives, reducing subsidies, and tightening permits, slowing the country’s clean energy momentum.
The technology sector’s push for clean energy to power the artificial intelligence revolution is one factor that affirms solar companies’ long-term outlook. According to analysts at UBS, solar stocks are well-positioned to benefit, as solar is quicker and cheaper to build than other electricity sources.
Sentiment around solar stocks had taken a significant turn since 2021, driven by several factors, key among them higher interest rates, supply chain issues, and the Trump administration’s policies against renewable energy. However, the outlook is slowly changing with Trump’s policies already in place.
“We view solar hardware equipment suppliers as key ‘picks & shovels’ plays on the ongoing AI gold rush. Broadly, sentiment for the sector has been improving since May … as worst-case scenarios for policy were rapidly taken off the table, ‘” said UBS analyst Jon Windham.
The passage of the one big, beautiful bill paves the way for solar projects to qualify for investment and production incentives through 2030. Likewise, US solar companies are poised to benefit from the Foreign Entity of Concern (FEOC) provisions barring U.S. clean energy tax credits for companies related to China, Russia, North Korea, and Iran.
“In our view, concerns over potential negative policy outcomes from the Trump Administration obstructed investors’ recognition of strong underlying technology-driven demand for solar,” Windham said. “As long as AI data center demand grows, regardless of which specific application or company wins, solar is likely to benefit,” he said.
With that in mind, let’s take a look at some of the best solar energy stocks to buy right now.
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Our Methodology
To identify the best solar energy stocks to buy right now, we used the Finviz stock screener and other online sources to compile US companies engaged in solar energy operations. We further refined the list by focusing on stocks that have gained over 20% year-to-date (as of November 7) and are popular among elite hedge funds. The final list is ranked in ascending order by the number of hedge funds holding stakes in the stocks in the second quarter of 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research shows we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
Best Solar Energy Stocks to Buy Right Now
11. Turbo Energy S.A. (NASDAQ:TURB)
Year-to-date Performance: 25.58%
Number of Hedge Fund Holders: 1
Turbo Energy S.A. (NASDAQ:TURB) is one of the best solar energy stocks to buy right now. On October 27, Turbo Energy named Lucia Tamarit as its new Chief Financial Officer, replacing Alejandro Morangues. Tamarit brings over ten years of financial leadership, having most recently served as Financial Manager at CSP Spain, and previously worked in assurance at Ernst & Young. She holds degrees from the Polytechnic University of Valencia and Ghent University, and will report directly to CEO Mariano Soria as the company continues its growth in AI-driven solar energy solutions.
Earlier, on October 8, the company expanded its energy storage portfolio with the unveiling of Sunbox Industry Max. The 5MWh energy storage system is tailored for electro-intensive industries. It also comes with a customized software service to support complex industrial energy operations.
The unveiling of Sunbox Industry marks an important milestone in Turbo Energy’s bid to enable industrial-scale energy storage. The modular system features a configurable design that supports multiple deployment architectures and can be tailored to specific energy needs.
Additionally, Sunbox Industry Max is poised to strengthen Turbo Energy’s bid to expand its footprint into the global commercial and industrial market. It will differentiate the company as a technology-driven energy innovator. It also positions the company to capitalize on accelerating global demand for robust AI-enhanced commercial and industrial storage solutions.
Turbo Energy S.A. (NASDAQ:TURB) designs, develops, and distributes equipment for generating, managing, and storing solar energy. It offers lithium-ion batteries and inverters, and also sells electrical and electronic materials for renewable energy projects, such as solar panels and regulators.
10. Tigo Energy, Inc. (NASDAQ:TYGO)
Year-to-date Performance: 128%
Number of Hedge Fund Holders: 4
Tigo Energy, Inc. (NASDAQ:TYGO) is one of the best solar energy stocks to buy right now. On November 4, analyst Eric Stine of Craig-Hallum reiterated his Buy rating on Tigo Energy. Just days earlier, on October 30, Roth MKM’s Philip Shen also issued a Buy recommendation, adding to the positive sentiment surrounding the stock.
These updates come after Tigo Energy, Inc. (NASDAQ:TYGO) delivered solid third-quarter 2025 results on October 28, with revenue rising 115% year over year to $30.6 million. Income from operations jumped to $0.6 million compared to an operating loss of $10.4 million delivered in the same quarter last year.
Likewise, Tygo Energy bounced back to profitability, reporting an adjusted EBITDA of $2.9 million, compared with a loss of $8.3 million. The better-than-expected results came as the company saw strong growth in the EMEA and Americas regions, accounting for 70% and 26% of total revenues, respectively.
“Notably, we performed exceptionally well in the U.S., with sales growing approximately 68% sequentially in the second quarter of 2025 as we continue to make inroads in the repower market. We expect our manufacturing and marketing partnership with EG4 Electronics to further increase our performance in our domestic market,” said Zvi Alon, Chairman and CEO.
For the fourth quarter, Management expects revenue to be in line with the third quarter, even though it is usually a seasonally slower period in the industry. The company is also poised to benefit from strong product demand and a healthy backlog heading into year-end.
Tigo Energy, Inc. (NASDAQ:TYGO) develops and provides innovative hardware and software solutions for solar energy systems, including optimizers, inverters, and batteries. Its technology, known as Flex MLPE (Module-Level Power Electronics), aims to enhance safety, increase energy yield, and lower operating costs for residential, commercial, and utility-scale solar systems.
9. Canadian Solar Inc. (NASDAQ:CSIQ)
Year-to-date Performance: 122.09%
Number of Hedge Fund Holders: 9
Canadian Solar Inc. (NASDAQ:CSIQ) is one of the best solar energy stocks to buy right now. On November 3, Jefferies shifted its rating on Canadian Solar Inc. (NASDAQ:CSIQ) from Buy to Hold, raising the price target to $19.64 from $13.70. The firm pointed to the stock’s recent rally and potential risks tied to China’s enforcement of a module price floor. According to the analyst, the impact of rising polysilicon costs may take time to filter through, prompting a more cautious stance.
Earlier, on October 29, Canadian Solar Inc. announced that its unit, e-STORAGE, has completed a major battery storage project in Australia. E-STORAGE achieved commercial operation of a 220MWh DC Mannum Battery Energy Storage Battery. The subsidiary served as the Engineering, Procurement, and Construction Provider for the projects owned by Epic Energy. With the completion, the Canadian Solar subsidiary has affirmed its edge in the delivery of large-scale storage solutions.
Colin Parkin, President of e-STORAGE, commented:
“We are delighted to support Epic Energy in reinforcing South Australia’s grid resilience and accelerating the shift towards clean energy. Today, with over 1.8 GWh of BESS under construction in Australia, e-STORAGE continues to establish itself as a leading product and solution provider in the region.”
The completion of the project in Australia comes on the heels of e-STORAGE securing an agreement to provide battery storage systems for two major projects in Ontario, Canada. The subsidiary is to supply equipment and services for the Elora and Hedley battery energy storage projects, expected to add 420 MW/2,122 MWh of storage capacity to Ontario’s grid.
Canadian Solar Inc. (NASDAQ:CSIQ) is a solar and renewable energy company that manufactures and sells solar photovoltaic modules. It also provides solar energy and battery energy storage solutions, and develops and operates utility-scale solar and battery energy storage projects.
8. Daqo New Energy Corp. (NYSE:DQ)
Year-to-date Performance: 51.19%
Number of Hedge Fund Holders: 10
Daqo New Energy Corp (NYSE:DQ) is one of the best solar energy stocks to buy right now. On October 27, Daqo New Energy Corp (NYSE:DQ) delivered solid third-quarter financial results as it benefited from recovery in market prices across the solar PV value chain.
The company delivered a record positive EBITDA of $45.8 million, leading to adjusted net income of $3.7 million. Revenue exceeded expectations by 26.77%, coming in at $244.6 million against $192.95 million expected. It was a significant improvement given that the company delivered $75.2 million in revenue in the second quarter. Earnings per share totaled $0.05 against an expected loss of $0.49 a share.
Daqo New Energy exited the third quarter with $2.21 billion in bank deposits and financial investment assets, an increase of $148 million from the second quarter. Consequently, it remains in a solid financial position and maintains strategic flexibility to navigate the ongoing market recovery and pursue long-term opportunities, according to CEO Mr. Xiang Xu.
“The strong increase in sales volume reflects both our customers’ confidence in Daqo’s product quality and their continued preference for our products in the new pricing environment. As a result, our sales volume far exceeded production, bringing our inventory down to a healthy level,” said CEO Xu.
Daqo New Energy Corp (NYSE:DQ) manufactures and sells high-purity polysilicon, a material essential for creating solar photovoltaic (PV) products. Its customers are solar product manufacturers who use its polysilicon to produce solutions for the solar power industry.
7. Shoals Technologies Group, Inc. (NASDAQ:SHLS)
Year-to-date Performance: 51.24%
Number of Hedge Fund Holders: 27
Shoals Technologies Group Inc. (NASDAQ:SHLS) is one of the best solar energy stocks to buy right now. UBS raised its price target for Shoals Technologies Group to $12 from $9 on November 5, maintaining its Buy rating. The firm pointed to a record project backlog as a sign of rising demand for clean energy solutions, fueled by expanding data center operations and tech sector growth.
Shoals’ growing footprint in battery storage and data center markets also played a role in UBS’s bullish stance. These segments are seen as key drivers of future revenue, positioning the company to benefit from the accelerating shift toward electrification and renewable infrastructure.
On November 4, Shoals Technologies Group Inc. (NASDAQ:SHLS) reported a solid third quarter, with revenue rising nearly 33% to $135.8 million, driven by strong demand and increased project volume.
Gross profit more than doubled to $50.3 million, helped by the absence of warranty expenses that impacted last year’s results. Operating income reached $18.7 million, and net income improved to $11.9 million. Adjusted EBITDA came in at $32 million, while the company’s backlog and awarded orders climbed to $720.9 million, reflecting steady growth in both domestic and international markets.
Looking ahead, Shoals expects fourth-quarter revenue between $140 million and $150 million, with adjusted EBITDA projected in the $35 million to $40 million range. CEO Brandon Moss highlighted the company’s momentum in utility-scale solar and its expansion into new high-growth areas. Despite market volatility, Shoals sees strong customer interest and is confident that recent investments in production capacity will support continued success into the next year.
Shoals Technologies Group Inc. (NASDAQ:SHLS) provides electrical balance-of-system (EBOS) solutions for the solar, energy storage, and electric vehicle (EV) charging industries. Its products include cable assemblies, combiners, and monitoring systems for connecting solar panels and storage systems to the power grid.
6. SolarEdge Technologies, Inc. (NASDAQ:SEDG)
Year-to-date Performance: 162.70%
Number of Hedge Fund Holders: 27
SolarEdge Technologies Inc. (NASDAQ:SEDG) is one of the best solar energy stocks to buy right now. On November 5, SolarEdge Technologies Inc. (NASDAQ:SEDG) posted its Q3 2025 results, reporting an adjusted loss of $0.31 per share, narrower than the anticipated $0.41 loss projected by analysts.
Revenue rose to $340.21 million, up 18% from the prior quarter and 44.5% year-over-year, surpassing the $330.29 million consensus. Gross margin improved to 21.2%, with non-GAAP gross margin at 18.8%, though tariffs trimmed about 2% from the margin.
Despite the stronger Q3, investor sentiment was dampened by a weaker Q4 outlook. The company guided revenue between $310 million and $340 million, falling short of the $343.3 million consensus. CEO Shuki Nir emphasized ongoing progress, noting three straight quarters of revenue growth and margin recovery, and reaffirmed SolarEdge’s long-term positioning in the smart energy space.
Operationally, the company posted $22.8 million in free cash flow, reversing a $9.1 million outflow in the prior quarter. Cash from operations improved to $25.6 million from a $7.8 million deficit. Product shipments included 92,700 inverters, 2.95 million optimizers, and 230 MWh of batteries, reflecting steady demand in PV applications.
SolarEdge Technologies Inc. (NASDAQ:SEDG) has built a strong reputation in the smart energy sector through its engineering expertise and focus on innovation. Its DC optimized inverter changed how solar power is collected and managed, helping improve output and reduce energy costs. Today, the company offers a wide range of solutions across solar, storage, EV charging, and grid services, supporting the shift toward more efficient and sustainable energy systems.
5. Clearway Energy, Inc. (NYSE:CWEN)
Year-to-date Performance: 32.57%
Number of Hedge Fund Holders: 33
Clearway Energy Inc. (NYSE:CWEN) is one of the best solar energy stocks to buy right now. On November 5, Clearway Energy Inc. (NYSE:CWEN) saw varied analyst sentiment. Mark Jarvi of CIBC reiterated a Hold rating on Clearway Energy and set the stock’s price target at $37. Meanwhile, Nelson Ng of RBC Capital expressed a more positive outlook, reaffirming a Buy rating and assigning a $36 target.
On November 4, Clearway Energy reported its third-quarter results for 2025. The company posted net income of $60 million. Adjusted EBITDA for the quarter reached $385 million. This reflects a strong overall performance. The company also reported $225 million in operating cash flow and $166 million in cash available for distribution. These gains were largely driven by lower tax burdens and contributions from recent growth investments, particularly in wind energy assets. It also secured $50 million through an equity raise and agreed to acquire a 613 MW solar portfolio already in operation. The company continues to invest in wind repowering and solar-plus-storage projects, aiming for completion by 2027.
Operational improvements were evident across segments. The Flexible Generation division saw better availability compared to the previous year, thanks to fewer outages. Meanwhile, the Renewables & Storage segment recorded a 4% increase in output, supported by new projects coming online. Based on current performance and forecasts, Clearway narrowed its full-year CAFD guidance to between $420 million and $440 million, reflecting confidence in its execution and resource planning.
Looking ahead, the company set its 2026 CAFD guidance between $470 million and $510 million, factoring in expected production levels and the completion of scheduled investments. With over 2 GW of new opportunities identified, Clearway is positioning itself to meet long-term financial goals. Strategic moves like the Deriva solar acquisition and ongoing repowering efforts are expected to support growth through 2030, reinforcing the company’s focus on expanding its clean energy footprint.
“We are also pleased to announce that our investment opportunity set for 2026 and 2027 has expanded to now include over 2 GW of identified investment opportunities, with the combination of our repowering program and sponsor-enabled drop-downs providing transparent building blocks toward achieving our 2030 target,” said Craig Cornelius, Clearway Energy, Inc.’s President and Chief Executive Officer.
Clearway Energy Inc. (NYSE:CWEN) owns and operates an extensive portfolio of clean and conventional power generation assets, including solar, wind, and battery energy storage systems, as well as natural gas plants and district energy systems.
4. Array Technologies, Inc. (NASDAQ:ARRY)
Year-to-date Performance: 24.18%
Number of Hedge Fund Holders: 36
Array Technologies Inc. (NASDAQ:ARRY) is one of the best solar energy stocks to buy right now. BMO Capital raised its price target on Array Technologies (NASDAQ: ARRY) from $8.50 to $9.00 on November 6, keeping a Market Perform rating. The firm cited stronger-than-expected net bookings of around $500 million in the quarter, well above the $350 million forecast, with a book-to-bill ratio of 1.25x. Despite mixed Q3 results, the company raised its 2025 revenue outlook.
However, BMO noted that margin and EBITDA guidance remain slightly lower. Analysts are waiting for clearer signs of margin stability and proof that the APA acquisition can scale before turning more bullish.
The day before on November 5, Array Technologies reported third-quarter results for the period ending September 30, 2025. Revenue reached $393.5 million, with APA Solar contributing $16.9 million following its recent acquisition. The company posted a gross margin of 26.9% and adjusted EBITDA of $72.2 million. Net income stood at $18.4 million, or $0.12 per share, while adjusted earnings came in at $0.30 per share. Total contracts and awarded orders, excluding APA, were valued at $1.9 billion.
CEO Kevin Hostetler highlighted strong year-over-year growth in revenue and volume, up 70% and 56% respectively. He noted that APA’s integration strengthens Array’s offerings and supports long-term growth. The company updated its full-year 2025 guidance, projecting revenue between $1.25 billion and $1.28 billion, including around $50 million from APA. Adjusted EBITDA is expected to range from $185 million to $195 million, with adjusted net income per share between $0.64 and $0.70.
Array Technologies Inc. (NASDAQ: ARRY) designs and manufactures solar trackers and racking systems for the utility-scale and distributed generation solar industries. The company’s products and software are engineered to maximize energy production from solar photovoltaic systems and are used to support residential, commercial, and large-scale solar projects.
3. Sunrun Inc. (NASDAQ:RUN)
Year-to-date Performance: 100%
Number of Hedge Fund Holders: 39
Sunrun Inc. (NASDAQ:RUN) is one of the best solar energy stocks to buy right now. On November 6, Sunrun Inc. (NASDAQ:RUN) released its third-quarter 2025 results, highlighting solid operational gains alongside a miss on earnings expectations.
Revenue came in at $724.56 million, beating expectations by over 20%, while earnings per share landed at $0.06, missing the $0.13 forecast. Despite the miss, the company reported $108 million in cash generation and a 10% year-over-year increase in aggregate subscriber value, signaling resilience in a competitive market.
The company continues to expand its footprint in energy storage, with attachment rates climbing to 70% and notable gains in upfront subscriber value. Sunrun’s leadership in distributed power, with over 217,000 systems installed and 3.7 Gigawatt hours of networked storage, reinforces its position as a key player in the clean energy transition. However, subscriber additions dipped slightly, and the company faces industry-wide volume pressure heading into 2026.
Sunrun’s outlook for Q4 2025 includes an aggregate subscriber value between $1.33 billion and $1.63 billion, marking a 5% year-over-year decline at the midpoint, while contracted net value creation is projected between $182 million and $482 million, reflecting 6% growth. Expected cash generation ranges from $60 million to $260 million. For the full year, subscriber value is forecasted between $5.7 billion and $6.0 billion, showing 14% growth at the midpoint, with net value creation between $1.0 billion and $1.3 billion—up 67% from 2024. Cash generation is anticipated to land between $250 million and $450 million, consistent with prior guidance and a midpoint of $350 million.
Sunrun Inc. (NASDAQ:RUN) is a leading provider of residential solar and battery storage, offering clean energy solutions to homeowners with a focus on subscription services that require little to no upfront cost. The company designs, installs, and maintains solar panels and battery systems, and also manages energy services that can benefit both households and the electric grid.
2. Nextracker Inc. (NASDAQ:NXT)
Year-to-date Performance: 169.72%
Number of Hedge Fund Holders: 50
Nextracker Inc. (NASDAQ:NXT) is one of the best solar energy stocks to buy right now. On October 27, Nextracker Inc. (NASDAQ:NXT) introduced its NX Earth Truss foundation system in Australia, backed by a grant from the Australian Renewable Energy Agency (ARENA). Designed for rocky and hard soil, the solution aims to simplify utility-scale solar construction on difficult terrain. Featuring the NX Truss Driver, a semi-autonomous drill system, it reduces labor and accelerates timelines. This marks the technology’s first deployment outside North America and supports Australia’s push for renewable energy by unlocking previously unusable land. With over 10 GW of systems delivered or underway, Nextracker continues to lead the region’s solar tracker market.
On October 31, Baird withdrew its Fresh Pick designation for Nextracker Inc. (NASDAQ:NXT) but reaffirmed its positive outlook, maintaining an Outperform rating and a $100 price target. Earlier on October 24, TD Cowen reiterated a ‘Hold rating on Nextracker Inc. stock and raised its price target to $88 from $65. The price target hike follows strong quarterly performance and backlog growth.
The company delivered an impressive 13.3% revenue growth driven by strong demand for its products in the US. In addition, it is benefiting from business expansion in Europe. The robust growth comes against the backdrop of tariff impact that was partially offset by the Inflation Reduction Act’s 45X manufacturing credits. Nextracker exited the third quarter with $845 million in cash and a backlog of over $5 billion, affirming strong financial flexibility. TD Cowen expects the upcoming Investor Day to affirm expansion in the total addressable market supported by recent acquisitions. Nevertheless, the research firm has warned that tariff pressure and increased international mix could affect margins.
Nextracker Inc. (NASDAQ:NXT) designs and manufactures solar tracker systems for utility-scale and ground-mounted solar power plants. Its systems are advanced hardware and software solutions that mechanically follow the sun’s movement to optimize energy production.
1. First Solar, Inc. (NASDAQ:FSLR)
Year-to-date Performance: 45.86%
Number of Hedge Fund Holders: 68
First Solar Inc. (NASDAQ:FSLR) is one of the best solar energy stocks to buy right now. On October 31, Jefferies raised its price target on First Solar Inc. (NASDAQ:FSLR) to $269, keeping a Buy rating despite recent uncertainty caused by BP canceling contracts for 6.6 gigawatts of solar panels. First Solar is now pursuing new deals at higher rates, around $0.36 per watt, supported by favorable U.S. trade policies and market conditions.
Jefferies views the contract cancellations as a potential upside if First Solar can rebook at better prices. While near-term volume projections for 2026 and 2027 have been trimmed, the firm expects stronger pricing from 2028 onward. The company’s financial health remains solid, with a strong balance sheet and manageable debt levels.
On October 30, First Solar shared its third-quarter results for 2025, revealing a blend of positives and setbacks. The company posted $1.59 billion in revenue, edging past analyst expectations, thanks to a record shipment of 5.3 gigawatts. However, earnings per share landed at $4.24, slightly under the projected $4.27, mainly due to temporary underutilization costs that affected margins.
First Solar Inc. (NASDAQ:FSLR) is a solar energy company that designs, manufactures, and sells advanced thin-film solar panels for generating electricity. It focuses on producing responsibly-made, high-performance PV modules and is a key player in the global solar technology industry, with manufacturing facilities in the United States.
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